Binance Pay Partners xMoney to Enhance Payment Convenience for European Users  | Coinspeaker
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Binance Pay Partners xMoney to Enhance Payment Convenience for European Users 

Binance Pay’s new partnership is poised to accelerate the adoption of crypto payments, making digital assets a practical tool for everyday commerce in Europe.

Chimamanda U. Martha By Chimamanda U. Martha Julia Sakovich Edited by Julia Sakovich Updated 3 mins read
Binance Pay Partners xMoney to Enhance Payment Convenience for European Users 
Photo: Binance Pay

Key Notes

  • Binance Pay has partnered with xMoney to provide European users with seamless payments.
  • The collaboration allows direct payments from Binance accounts to merchants, reducing processing times and streamlining checkout procedures across industries.
  • Beyond xMoney, Binance Pay continues to enhance its offerings through partnerships with CoinGate, DT One, Pyypl, and others.

Binance Pay, the payments arm of the world’s largest cryptocurrency exchange Binance, has partnered with xMoney, a blockchain payment solution provider, to broaden crypto payment access for European customers.

According to a press release shared with Coinspeaker, Binance will leverage xMoney’s robust payment infrastructure to connect its users with an expansive network of merchants. This collaboration will allow customers to make direct payments from their Binance accounts without relying on traditional payment methods, streamlining transactions and reducing processing times at checkout

Enhanced Payment Experience

By integrating with xMoney’s merchant network, Binance Pay users will enjoy faster, more efficient transactions when shopping at participating stores across various industries, including gaming, travel, real estate, and e-commerce.

In addition, xMoney has established partnerships with government agencies, such as the National Administration of the Principality of Liechtenstein and the City of Lugano, enabling citizens and residents to pay taxes using digital assets.

Commenting on the partnership, Jonathan Lim, global head of Binance Pay said the partnership comes at a time when digital assets are gaining mainstream adoption, referring to the recent wave of corporate institutions adopting Bitcoin BTC $97 024 24h volatility: 0.9% Market cap: $1.92 T Vol. 24h: $27.54 B as a corporate reserve. He further stated that the deal will enable the firm to deliver real-world use cases for cryptocurrencies.

“The ability to pay for luxury goods, travel, and even government services with crypto demonstrates how digital currencies are becoming a practical tool for everyday transactions. By partnering with xMoney, we are delivering a practical use-case for crypto, meeting the growing demand for secure, efficient, and accessible payment solutions,” Lim said.

Expanding Merchant Network and Partnerships

The integration of xMoney’s network has significantly expanded Binance Pay’s merchant ecosystem, growing its own merchant network from 8,900 in December 2023 to over 12,000 by December 2024. The figure represents a 36% year-over-year increase.

Binance Pay said the growth underscores its commitment to offering diverse digital payment solutions, from travel bookings to luxury goods, to meet rising consumer demand.

In addition to its partnership with xMoney, Binance Pay has also joined forces with CoinGate to further enhance its service offerings. Other notable partners include DT One, Pyypl, Lyzi, Weo Games, WordPress, and Despegar, reflecting the company’s multi-faceted approach to expanding its digital payments network.

Since its entry into the crypto market in 2017, Binance Pay has processed more than $120 billion in transactions over the past three years. This latest partnership with xMoney is set to accelerate that growth by simplifying the payment process and providing users with an even more seamless experience when using digital assets for everyday transactions.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Chimamanda U. Martha

Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.

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